Company profile

Ticker
PSX
Exchange
CEO
Greg C. Garland
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
453779385

PSX stock data

(
)

Calendar

31 Jul 20
13 Aug 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Jun 20 Mar 20 Dec 19 Sep 19
Revenue 10.91B 20.88B 29.13B 27.22B
Net income -67M -2.43B 810M 793M
Diluted EPS -0.33 -5.66 1.64 1.58
Net profit margin -0.61% -11.62% 2.78% 2.91%
Net change in cash 669M -393M -654M 449M
Cash on hand 1.89B 1.22B 1.61B 2.27B
Cost of revenue 9.61B 18.44B 26.11B 23.81B
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 107.29B 111.46B 102.35B 84.28B
Net income 3.38B 5.87B 5.25B 1.64B
Diluted EPS 6.77 11.8 9.85 2.92
Net profit margin 3.15% 5.27% 5.13% 1.95%
Net change in cash -1.41B -100M 408M -363M
Cash on hand 1.61B 3.02B 3.12B 2.71B
Cost of revenue 95.53B 97.93B 79.41B 62.47B

Financial data from Phillips 66 earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
4 Aug 20 John E Lowe Common Stock Buy Aquire P No 60.6241 1,000 60.62K 65,329.725
4 Aug 20 Paula Ann Johnson Common Stock Payment of exercise Dispose F No 61.225 333 20.39K 94,033
4 Aug 20 Brian Mandell Common Stock Payment of exercise Dispose F No 61.225 310 18.98K 22,661.267
4 Aug 20 Robert A Herman Common Stock Payment of exercise Dispose F No 61.225 351 21.49K 52,372
4 Aug 20 Garland Greg C. Common Stock Payment of exercise Dispose F No 61.225 1,396 85.47K 593,712
66.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 1197 1509 -20.7%
Opened positions 88 220 -60.0%
Closed positions 400 78 +412.8%
Increased positions 401 506 -20.8%
Reduced positions 578 553 +4.5%
13F shares
Current Prev Q Change
Total value 181.16B 405.29B -55.3%
Total shares 291.88M 307.83M -5.2%
Total puts 1.88M 2.73M -31.1%
Total calls 2.5M 2.28M +9.6%
Total put/call ratio 0.8 1.2 -37.2%
Largest owners
Shares Value Change
Vanguard 39.17M $2.1B +2.2%
BLK BlackRock 31.6M $1.7B +3.9%
STT State Street 24.39M $1.31B +7.7%
WFC Wells Fargo & Company 11.35M $608.87M +2.3%
Aristotle Capital Management 7.03M $377.41M +2.7%
Barrow Hanley Mewhinney & Strauss 6.7M $359.62M +0.0%
Geode Capital Management 6.41M $343.02M -0.6%
BAC Bank of America 5.77M $309.43M +4.3%
BK Bank of New York Mellon 5.73M $307.19M -1.1%
NTRS Northern Trust 5.7M $305.71M -2.7%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -4.55M EXIT
GS Goldman Sachs 1.75M -2.09M -54.4%
Renaissance Technologies 0 -1.92M EXIT
STT State Street 24.39M +1.75M +7.7%
NEU Neuberger Berman 885.57K -1.6M -64.4%
Alliancebernstein 1.82M -1.32M -42.0%
JPM JPMorgan Chase & Co. 2.67M -1.31M -32.8%
BLK BlackRock 31.6M +1.19M +3.9%
Epoch Investment Partners 1.31M -1.13M -46.4%
Wellington Management 3.04M -860.28K -22.0%

Financial report summary

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Risks
  • Our operating results and future rate of growth are exposed to the effects of changing commodity prices and refining, marketing and petrochemical margins.
  • We expect to continue to incur substantial capital expenditures and operating costs as a result of our compliance with existing and future environmental laws and regulations. Likewise, future environmental laws and regulations may impact or limit our current business plans and reduce demand for our products.
  • The adoption of climate change legislation or regulation could result in increased operating costs and reduced demand for the refined petroleum products we produce.
  • Climate change may adversely affect our and our joint ventures’ facilities and ongoing operations.
  • Political and economic developments could affect our operations and materially reduce our profitability and cash flows.
  • Large capital projects can take many years to complete, and market conditions could deteriorate significantly between the project approval date and the project startup date, negatively impacting expected project returns.
  • Plans we may have to expand existing assets or construct new assets, particularly in our Midstream segment, are subject to risks associated with societal and political pressures and other forms of opposition to the future development, transportation and use of carbon-based fuels. Such risks could adversely impact our ability to realize certain growth strategies.
  • Our operations are subject to business interruptions and casualty losses. Failure to manage risks associated with business interruptions could adversely impact our operations, financial condition, results of operations and cash flows.
  • There are certain hazards and risks inherent in our operations that could adversely affect those operations and our financial results.
  • We do not insure against all potential losses, and, therefore, our business, financial condition, results of operations and cash flows could be adversely affected by unexpected liabilities and increased costs.
  • Our investments in joint ventures decrease our ability to manage risk.
  • We are subject to interruptions of supply and increased costs as a result of our reliance on third-party transportation of crude oil, NGL and refined petroleum products.
  • Increased regulation of hydraulic fracturing could result in reductions or delays in U.S. production of crude oil and natural gas, which could adversely impact our results of operations.
  • DCP Midstream’s success depends on its ability to obtain new sources of natural gas and NGL. Any decrease in the volumes of natural gas DCP Midstream gathers could adversely affect its business and operating results.
  • Competitors that produce their own supply of feedstocks, have more extensive retail outlets, or have greater financial resources may have a competitive advantage.
  • We may incur losses as a result of our forward contracts and derivative transactions.
  • One of our subsidiaries acts as the general partner of a publicly traded master limited partnership, Phillips 66 Partners, which may involve a greater exposure to legal liability than our historic business operations.
  • Security breaches and other disruptions could compromise our information and expose us to liability, which would cause our business and reputation to suffer.
  • Uncertainty and illiquidity in credit and capital markets can impair our ability to obtain credit and financing on acceptable terms and can adversely affect the financial strength of our business partners.
  • Deterioration in our credit profile could increase our costs of borrowing money and limit our access to the capital markets and commercial credit, and could trigger co-venturer rights under joint venture arrangements.
  • The level of returns on pension and postretirement plan assets and the actuarial assumptions used for valuation purposes could affect our earnings and cash flows in future periods.
  • We are subject to continuing contingent liabilities of ConocoPhillips following the Separation relating to taxes and other matters. If we become obligated, we may need to use cash to meet these obligations and our financial results could be negatively impacted. Further, ConocoPhillips has indemnified us for certain matters, but may not be able to satisfy its obligations to us in the future.
Management Discussion
  • Unless otherwise indicated, discussion of results for the three and six months ended June 30, 2020, is based on a comparison with the corresponding periods of 2019.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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Removed: combined, disputed, equal, event, fourth, ruling, trade